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A high precision programmable router for shaping furniture components is purchased by Henredon for $190,000. It is expected to last for 12 years. Calculate the

A high precision programmable router for shaping furniture components is purchased by Henredon for $190,000. It is expected to last for 12 years. Calculate the depreciation and book value for each year using MACRS-Class 7 allowance (consult Table 9.3 in the text). (a) Assume the complete allowable depreciation is used. (b) Assume the asset is sold during the fifth year of use

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